Top Calls on Wall Street: Nvidia, Apple, SpaceX, Amazon, Coinbase, Intel, Roblox and More

Tiger Newspress10-30 23:30

Here are Friday’s biggest calls on Wall Street:

Bank of America downgrades Intel to Neutral from Buy

Bank of America downgrades Intel following Thursday’s earnings report, saying the company's turnaround appears to be taking longer than expected. The firm cites limited progress in attracting external foundry customers and a sharp decline in PC shipments that offsets strength in data centers.

Morgan Stanley reiterates Amazon as Overweight

Morgan Stanley cuts its price target on Amazon to $335 from $350 following the company’s earnings report late Thursday. The firm says expectations for AWS may have been too high heading into the results. Despite lowering its 2028 EPS estimate by approximately 5% to $15.80, Morgan Stanley maintains its Overweight rating and Top Pick designation, citing roughly 45% upside potential.

Raymond James reiterates Nvidia as Strong Buy

Raymond James says Amazon’s earnings results reinforce Nvidia’s position as a beneficiary of AWS spending. The firm notes that AWS continues to purchase Nvidia systems alongside its own Trainium and Inferentia chips.

Bank of America removes Apple from US 1 List

Bank of America maintains its positive stance on Apple ahead of Monday’s earnings report but removes the iPhone maker from its US 1 List of top stock picks. The firm says investors will focus on component cost inflation, gross margin sustainability, and services revenue growth.

Bernstein reiterates SpaceX as Outperform

Bernstein says SpaceX continues moving toward building its own telecommunications network. The firm warns that the prospect of SpaceX developing a mobile network could remain an overhang for the telecom industry for years before it becomes a direct competitor.

Deutsche Bank reiterates Coinbase as Buy

Deutsche Bank cuts its price target on Coinbase to $190 from $210 following the company's earnings report. The firm says third-quarter results came in slightly above expectations overall.

KeyBanc downgrades Reddit to Sector Weight from Overweight

KeyBanc downgrades Reddit, citing weaker-than-expected search traffic. The firm says search-related headwinds are creating greater uncertainty around its 2027 and 2028 revenue and EBITDA estimates.

Morgan Stanley reiterates Roblox as Overweight

Morgan Stanley cuts its price target on Roblox to $50 from $55 but maintains its Overweight rating. Although the company's fourth-quarter bookings guidance fell short of expectations for a 2026 acceleration, the firm says it is more confident that user growth is returning and that Roblox's product pipeline could expand its total addressable market.

Jefferies upgrades Rivian to Buy from Hold

Jefferies upgrades Rivian following Thursday’s earnings report, citing stronger-than-expected order conversion for the high-end R2 launch trim. The firm notes that R2 volume is trending at roughly twice the level of R1 volume in the fourth quarter, with strong adoption of its hands-off Autonomy feature.

HSBC upgrades GE Vernova to Buy from Hold

HSBC upgrades GE Vernova to Buy from Hold and raises its price target to $1,100 from $1,040, citing long-term earnings growth potential and a lower risk premium.

BMO downgrades Honeywell Aerospace to Market Perform from Outperform

BMO downgrades Honeywell Aerospace, citing slower growth. The firm is taking a more cautious stance until there is clearer visibility into meaningful growth and margin expansion above consensus expectations.

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